help have been trying for half an hour

Save Submit Assignment for Grac ns Do the Math 7-6 Question 4 Check My Wo. eBook Do the Math 7-6 Rule of 785 Miguel Perez of Pamona, California, obtained a two-year installment loan for $1,600 to buy a television set eight months ago. The loan had a 14.3 percent APR and a finance charge of $248.72. His monthly payment is $77.03. Miguel has made eight monthly payments and now wants to pay off the remainder of the loan. The lender will use the rule of 785 method to calculate a prepayment penalty. a. How much will Miguel need to give the lender to pay off the loan? Do not round intermediate calculations. Round your answer to the nearest cent. $ 1461.4 b. What is the dollar amount of the prepayment penalty on this loan? Use the rounded answer from part a in your calculations. Round your answer to the nearest cent. $ Hide Feedback Incorrect Check My Work 0 Icon Key Do the Math 7-6 Question 4 of 4 Save Submit Assignment for Grading